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20100901
20100930
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rails, the other side will use it as a political weapon against you so don't dare try. we have to get off, if we court start tackling the fiscal problem, it will tack ale lot. what i do the point i'm trying to make is we do this now and get our prosperity agenda. what i mean when i say this is my plan says nothing changes for anybody 35 and above. -- 55 and above, so if you are 10 years away from retiring we can guarantee your benefit, if you are 54 and below you know the programs won't be the samement you know that the social insurance safety net system we have is imploding. we need to reform it to fix it. i use a few values and principals on how i fix those things am i go kif-- i can give you details if you like. the point i make is do it now, preema debt crisis, if he kick the can down the road it will be austerity to everybody. tax increases to current workers that is the pain plan we should avoid that. >> rose: i meant by dismantle, just dismantle in the traditional way that it works. in other words, you can use the word change. >> words matter because it is such a volatile situa
i'm jeffrey brown. the u.s. treasury and insurance giant a.i.g. unveiled a plan today to speed up the repayment of more than $100 billion in federal bailout money. >> suarez: and i'm ray suarez. on the "newshour" tonight, economic writers louise story of the "new york times" and roben farzad of "bloomberg business week" weigh the pluses and minuses of the deal. >> brown: then, kwame holman looks at the down-to-the-wire scramble as congress pushed to adjourn just weeks ahead of the midterm elections. >> suarez: judy woodruff talks to speaker of the house nancy pelosi about the battle over tax cuts and the stakes for democrats in november. >> our members left congress last night. they are confident that they would return in the majority. >> brown: special correspondent miles o'brien reports on a mississippi community's plan to use stimulus money for mass transit in rural areas. >> suarez: betty ann bowser updates the johnson and johnson story as company executives and the f.d.a. come under fire on capitol hill for a string of recalls, real and phantom, this year. >> brown: and we vi
's collapse and the ensuing crisis led to a new push to make banks safer. in the u.s. a sweeping financial reform bill signed into law in july imposed stricter capital requirements on banks, yet largely left u.s. regulators to determine those levels. now new international standards may be on the way. this weekend in basil, switzerland, central bankers from 27 countries including ben bernanke agreed to new rules that included substantially raising amount of capital that banks must hold in reserve. banks in the u.s. currently must hold about 2% of their assets in capital or equity to absorb losses in the event of runs or financial panics. under the so-called basil-3 agreement the new international standard would be 7% of assets. but banks would have until 2019 to implement it. the head of the european central bank said the move would help protect against another meltdown. >> what we have decided is commensurate to permit when we have all the standards in place to make the banking sector at a global level much more resilient. and i would say we think we are commensurate to the shocks that we
that the republicans have offer -- are offering right now are the exact policies that got us into this mess. >> i think it just shows how out of touch the white house is. the american people are asking the question, where are the jobs? >> over the coming midterm election. >> what i'm going to remind the american people of is the policies that we have put in place have moved us in the right direction. >> no apologies for opposing the stimulus, no apologies for opposing the health care. no apologies for opposing what they call the wall street bill. gwen: and a sensational and distracting threat from an obscure florida pastor. >> we are simply burning a book. >> it doesn't in any way represent america or americans or american government or american religious or political leadership. >> we have to make sure that we don't start turning on each other. gwen: we'll put the roller coaster week in context with jackie calmes of "the new york times," david wessel of "the wall street journal" and michael duffy of "time" magazine. >> award-winning reporting and analysis. covering history as it happens. live from our
truckloads off the road every year. bnsf, the engine that connects us. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> lehrer: the president accused the republicans of being fiscally irresponsible, but admitted that his own policies have not worked as quickly as hoped. congressional correspondent kwame holman reports. >> we got some business to do today. >> reporter: just eight weeks from election day, the president made his pitch in cleveland today to help the sputtering u.s. economy >> that means making long-term investments in education and clean energy; in basic research, technology, and infrastructure. >> reporter: and he also took a stand against extending the bush era tax cuts for the top 2% of earners, setting up a pre- election fight with republicans in congress. he accused the
james. >> yes. >> to everyone making a difference, you help us all live better. >> nationwide insurance proudly supports tavis smiley. tavis and nationwide insurance, working to improve financial literacy and the economic empowerment that comes with it. >> nationwide is on your side >> and by contributions to your pbs station from viewers like you. thank you. tavis: frank luntz is a vessel and author whose books include "words that work" and "what americans really want . . . really." good to have you back on this program. the president. in milwaukee earlier in the week on labor day -- jobs, jobs, jobs. ohio later in the week -- jobs, jobs, jobs. we will come later to the conversation about john boehner. what about this populist rhetoric of jobs? >> i do not understand how he got distracted with the mosque. i do not understand how he does the white house speech on iraq and afghanistan. the american people have to focuses in mind -- jobs and the debt. it is still hard to believe that only 50 days left between now and the election, how things could have gone so wrong for him and for the de
're not back to work. and so the question is, did we need, as you suggest, more medicine or did we use the wrong medicine? and you can do all the economic models you want but many americans think what happened here is we had a big stimulus, it was somehow a lot of pork barrel spending to get through congress, we bailed out wall street, we didn't bail out main street and they want to know, where's the beef? >> today in the press conference there was a kind of undercurrent of questions that essentially goes like this, didn't you try to do too much? didn't you just take your eye off the ball when it came to the economy by doing health care as well? some other things in the first 18 or 19 months. do you think at the white house they think that? they never admit it but do you think they think they tried too much and they should have kept their eye more clearly on the economy now? >> i think that some of them do think that. i think the problem was they had a short-term economic focus and a very long-term focus on things like health care. and they kind of let the middle part take care of itse
the democratic congress and president is making to return us to prosperity. >> democratic chairman tim kaine. two questions that should make you feel queasy, regardless of your affiliation. do you feel that the children's generation will be better than ours? 66%. do you think america is in a state of decline? 65% believe the country is in a state of decline. how do you combat that? >> it is tough to do. america, historically, internationally, has been the home office of national optimism. this has been the most optimistic place on the place of -- face of the earth. if you are optimistic about the future, you can breed confidence. if you are optimistic about the gi bill, water, air pollution acts -- but when the ball lack optimism, there is a sense of hunkering down. i cannot be concerned about other people. it makes me more self obsessed. it has a political ripple effect that is of enormous, and i do not think it has been totally calculated. >> the president says we will put money into infrastructure. john boehner said we want to cut taxes and spending. how does that communicate to the american p
the country would say, "we're not there yet." if the election is about the policies that are going to move us forward versus the policies that will get us back into a mess, then i think the democrats will do very well. >> holman: one such policy is mr. obama's push to extend middle-class tax cuts, something he argued should garner bipartisan support. >> 97% of americans make less than $250,000 a year... $250,000 a year or less. and i'm saying we can give those families-- 97%-- permanent tax relief. now, that seems like a common- sense thing to do. and what i've got is the republicans holding middle-class tax relief hostage because they're insisting we've got to give tax relief to millionaires and billionaires to the tune of about $100,000 per millionaire, >> holman: on health care, the president was pressed about a government report showing health care costs on the rise. that, despite the passage of legislation aimed at bending down the cost curve. >> we didn't think that we were going to cover 30 million people for free, but that the long-term trend, in terms of how much the average family i
us, they call us wacky, they call us wing nuts, we call us "we the people." gwen: defeated republicans like delaware's mike castronevesle, bob bennett and murkowski are trying to figure out what happened. and also arlen specter and struggling incumbents like ohio governor ted strickland and president obama himself who knows he must convince voters the economy can improve. >> we stop the bleeding, stabilize the economy but the fact of the matter is the pace of improvement is not where it needs to be. and the hole we had dug ourselfs in was enormous. gwen: the scary truth appears to be rattled voters appear to lash out at lots of people for lots of reasons. let's go through some of the reasons here, panel. starting with you, john. >> the economy. i'll take the easiest, biggest target, the economy is bad and affecting people in their lives and if it's not affecting them it's affecting somebody in their lives and everybody is anxious. in this time of anxiety they turn to washington and see people they dislike, distrust and are just bafoons. and the numbers for congress are terr
moving forward with policies that are slowly pulling us out? >> reporter: too slowly, republicans fired back. on jobs, republican leader john boehner argued the president's policies are the problem, and a few new ideas won't change that. >> until this uncertainty and spending is under control... i don't think these are going to have much impact. >> reporter: what does all this politicking mean for your bottom line? first, on those new proposals from the president: $50 billion in infrastructure spending, an expansion and extension of the research and development tax credits, and 100% expensing of new equipment. the last is most likely to become law, and even that analysts consider a long shot. second, whatever the election outcome, there will be less help coming for the economy. goldman sachs washington analyst alec philips says that's one reason his firm is downgrading their economic forecast for 2011. >> there's really three things happening there. one is the fading effect of the 2009 fiscal stimulus bill. number two is our concern that congress will not extend unemployment benefits pa
times." thanks for being back with us. so what's this delay all about? >> well, the senate clearly doesn't want to get embroiled in this issue before the election. it's just too unpredictable and the story line for democrats is clean, as things stand now. they're making the case that republicans would block tax relief for the middle class to hold out for tax break force the wealthy. republicans, of course shall want to extend those tax cuts for everyone. and so it's easier in the view of democrats to push this until a lame duck session. the political situation will obviously be less intense then. but as you said, the house speaker today left open the possibility of forcing a vote. and that could get really interesting next week. >> woodruff: now why the different calculus in the senate and in the house. >> the calculus probably isn't different. the conventional wisdom still is that in the end the house will decide to go home and campaign without taking this vote. but there's no reason for speaker pelosi to relent right now when she thinks she's got republicans on the defensive. john boeh
Search Results 0 to 16 of about 17 (some duplicates have been removed)

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